how important money is?

PRESENTING……ON…

HOW IMPORTANT MONEY IS?

BY…VIKAS KUMAR

Money is the“current medium of exchange in form of coins and banknotes; coins and banknotes collectively”.

Money also means“the assets, property or resources owned by someone or something; wealth”.

What is Money?

Why do we need money?$ For your daily living: food,

clothing, shelter, etc.

$ For your relationships.

$ To fit properly into your plans.

$ Money affects our standard of living, health, and education

$ For your self-esteem.

Money as Lubricant Money as Power Money brings Freedom.Money as “TIME”Money as “STATUS”

Importance of Money:

Money as a Lubricant::::::::::>> Keeps the wheels of commerce turning. Keeps the Flow of interacting lives working as a

smooth machine. Like oil, can be moved where it is needed.

Money as Power::::::::::::::>>>

Money as Freedom::::::::::::::::::>>

Money as Time::::::::::::::::::>>

Money as Status:::::::::::::::::::>>

Are You

Following?

HOW IMPORTANT MONEY IS ?

** Stage of Dependence

** Stage of Independence

** Stage of Responsibilty

Stages in Life…..

There is the need for you to lay the right kind of foundation for your future success.

Money management skills are important for your success in all three stages, especially the last two.

SPENDERS

AND

SAVERS

Two Broad Groups Of People:

SPENDERS --- Have itching hands.

- They spend their money and want to spend other people’s money also.

- They have little practical regard for tomorrow and its demands.

- They are familiar with begging and begging tricks!

- Spenders spend until they are spent.

SAVERS --- Are shrewd. Are builders. Are investors. Are self-motivated and self-driven. Are business-conscious. Are goal-setters.

W. Clement Stone said: “If you cannot save money, then the seeds of greatness are not in you.”

ARE YOU A SAVER

OR A

SPENDER ?

Educating Yourself About Money1. Money Management1.1 Set Goals1.2 Get Organized1.3 Track Spending1.4 Build a Budget1.5 Save Money 2. Earning more money will not make you rich!

HEALTH FAMILY FRIENDSHIPS TIME COMMUNICATION SELF – RELIANCE HELPING OTHERS HOBBIES

What’s more important than money?

Can Money Buy Happiness?

THANKSFOR

LISTENING!